12-01-2009
Pioneer completes on sale with the help of BPE Solicitors’ corporate team
Law firm BPE has advised the owners of a Warwick-based specialist events company on its share sale to Closer Still Investments Ltd.
Pioneer is a leading organiser of trade and consumer shows and high profile conferences. Top shows managed by the company include the Dentistry Show and the Pharmacy Show, which typically attract thousands of professional delegates.
The owners decided to sell a majority share in the business to Closer Still Investments Ltd for an undisclosed sum after the current directors agreed that the company required additional investment in order to achieve its strategy for further growth and development.
Pioneer will continue to be operated on an “as is” basis by the current team, ensuring continuity and accountability for performance. The company’s 25 employees have all been retained and MD Nick Orton will continue to run the business.
“With the investment offered by the share sale Pioneer remains in a fantastic position to continue to go from strength-to-strength. We are the event management company of choice for the healthcare sector and have a reputation for delivering the best possible levels of service to exhibitors and delegates alike,” said MD Nick Orton.
BPE Corporate Partner Tim Ward advised the owners on the sale, supported by employment associate John Turnbull. Kerman and Co LLP advised Closer Still Investments Ltd.
Commenting on the transaction Tim Ward said: “Pioneer is a flagship events management business which has grown beyond recognition since it was first established fours years ago thanks to the vision and dedication of its founding directors and current management team. They deserve their success and should be proud of the market-leading reputation they have gained in the industry.”
Pioneer is a leading organiser of trade and consumer shows and high profile conferences. Top shows managed by the company include the Dentistry Show and the Pharmacy Show, which typically attract thousands of professional delegates.
The owners decided to sell a majority share in the business to Closer Still Investments Ltd for an undisclosed sum after the current directors agreed that the company required additional investment in order to achieve its strategy for further growth and development.
Pioneer will continue to be operated on an “as is” basis by the current team, ensuring continuity and accountability for performance. The company’s 25 employees have all been retained and MD Nick Orton will continue to run the business.
“With the investment offered by the share sale Pioneer remains in a fantastic position to continue to go from strength-to-strength. We are the event management company of choice for the healthcare sector and have a reputation for delivering the best possible levels of service to exhibitors and delegates alike,” said MD Nick Orton.
BPE Corporate Partner Tim Ward advised the owners on the sale, supported by employment associate John Turnbull. Kerman and Co LLP advised Closer Still Investments Ltd.
Commenting on the transaction Tim Ward said: “Pioneer is a flagship events management business which has grown beyond recognition since it was first established fours years ago thanks to the vision and dedication of its founding directors and current management team. They deserve their success and should be proud of the market-leading reputation they have gained in the industry.”
